Answer:
The Philippines Customs apply a value added tax (VAT) for imported goods at 12 percent. The Philippines' customs levy no tariff or tax for goods worth less than P10,000 (US$200). The only exported good which incur a tariff are logs at 20 percent.Jun 23, 2017
Explanation:
1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED, AND FOR OTHER PURPOSES. AN ACT TO REVITALIZE AND STRENGTHEN THE BUREAU OF CUSTOMS, AMENDING FOR THE PURPOSE CERTAIN SECTIONS OF THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED.
